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FEDERAL RESERVE Ftcttrs Afftctiif l i n k I t s t r v t s «nd C i i H t U i S t i U m t i t tf F . I . l i n k s For immediate release July 30, 1964 The average of daily figures of total member bank reserves held during the week ended July 29 decreased a net of $113 million to $20,317 million. Estimated currency and coin of member banks increased $66 million and their reserve balances at the Federal Reserve Banks decreased $179 million. Estimated required reserves decreased $136 million; and estimated excess reserves increased $23 million to $300 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $121 million, compared with the revised figure of $118 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $569 million in Federal Reserve float and $35 million in U. S. Government securities bought outright. The principal offsetting changes were an increase of $l6l million in U. S. Government securities held under repurchase agreements, and decreases of $155 million in currency in circulation and $59 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $4o8 million. As of Wednesday, July 29, holdings of U. S. Government securities bought outright were $600 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $52 million higher, and member bank borrowings were $184 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright--System account Held under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Discounts and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. -R. Banks Other F. R. accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of d a i l y f i g u r e s Week ended Change from week ended [Wednesday, J u l y 29, J u l y 29, J u l y 22, July 31, 1964 1964 1964 ;L96l_ ^ I n m i l l i o n s of d o l l a r s ) 3M57 - 35 +l6l +2 ,313 + 119 ; 34,760 I 52 + + 1 18 - 2 + 18 179 + 20 36 288 1,626 3^351 15,463 5,567 57,411 -569 ^08 -+ 1 -407 + 282 +2 ,770 - 170 19 +2 , 5 8 1 1,295 36,456 15,463 5,563 57,482 37,8l4 440 711 133 190 1,148 40,436 -155 - 4 - 59 + 2 - 1 - 10 -228 +2 ,250 + 47 - 180 46 12 + 79 +2 ,137 37,857 446 674 l4o 196 1,146 40,459 16,975 3,342 20,317 20,017 300 -179 + 66 -113 -136 + 23 + 445 + 224 + ~Wj + 666 + 3 161 4o 1 18 | \ 41 20 17,023 3,694 20,717 20,033 684 On July 29, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,129 million, an increase of $55 million for the week and an increase of $396 million from the comparable date a year ago. H. 4 . 1 ( a ) CONSOLIDATED 8TATJ3MJ3MT OF CONDITION OF TH3 TWELVE FEDERAL RESERVE BANKS (in millions of dollars) July 29, 1964 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Eought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U, S. Government securities L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + - 301 143 158 - 213 in -- + 20 + 20 20 5,137 -24,912 +600 + 1,631 -14,464 +15,106 + 163 + 2,436 146 288 ---- 50 2 4,711 34,760 52 3jjT8i2 35,161 +600 + 52 +652 +856 + 2,316 5,211 -691 103 -- 479 (1,755) 56,288 + 23 +211 + 304 + 1 + 50 +_2,JC0 32,611 - 55 + 2,074 17,023 +608 - 60 + 10 - 3 +555 + + -318 + 6 +188 + 110 + 19 + 2,192 Total.loans __and_ secxirities^ Cash items in process of collection Bank premises Other assets TOTAL ASSETS + 10 + 5 + 15 + 8 +184 13,731 1,457 15,186 (5*6) Change since July 31, July 22, 1963 1964 (1,249) (506) 674 140 196 18,033 (1,2^9) 3,916 95 (1,755) 54,655 92 +2,344 52 45 42 66 11 C A P I T A L A C C O U N T S -Capital paid in 516 + 33 -+ 56 Surplus 990 Other capital accounts + 23 + 19 127 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,755) 56,288 +211 + 2,300 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (<hernputed from figures as shown on the following pages--not consolidated) - 1.6% 29.7$ -•3$ Contingent liability on acceptances purchased for foreign correspondents + 52 137 - 3 * Figures in parentheses are the elimiiiations made in the consolidating process; see comparable figures on combined basis on thej following pages. MATURITY DISTRIBUTION OF LOANS AND SECURI1?IES, JULY 29, 1964 (Acceptances and securities held uncL*r repurchase; agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities Changes Discounts and Acceptances advances Holdings <luring week -150 Within 15 days 282 807 32 4,504 16 days to 90 days 6 +417 29 -91 days to 1 year ** +385 12,735 --Over 1 year to 5 years 14,691 --Over 5 years to 10 years 1,836 --Over 10 years 239 +652 34,812 Total 235 6i H. 4.1(b) STATEMENT OF CONDITION OF EACH FEDEML RESERVE BANK ON JULY 29, 1964 Total Boston 13,731 1,457 15,188 688 83 New York Philadelphia Cleve- RichAtlanta Chicago mond land (IE millions of dollars^) St. Louis Minneapolis Kansas Dallas City San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 817 958 127 1,085 937 119 1,056 665 85 750 2,46l 266 2,727 515 60 575 245 26 271 602 55 657 475 47 522 1,929 I67 2,096 152 44 35 4 25 8 40 11 51 17 30 14 16 5 35 4 17 5 24 5 47 18 117 2 12 7 15 62 5 6 17 9 25 771 3,519 342 3,861 506 146 34 11 288 Discounts and advances Acceptances: 41 Bought outright 20 Held under repurchase agreements U- S. Government securities: "Bought outright— 5,137 Bills Certificates 24,912 Notes Bonds 4,711 Total 34,760 Held under repurchase agreements 52 11 F. R• notes of other Banks Other cash 737 80 4i 20 269 1,270 275 427 347 284 864 201 101 207 201 691 1,307 247 1,823 6,156 1,164 8,590 52 1,333 252 1,860 2,072 392 2,891 1,684 319 2,350 1,376 260 1,920 4,190 792 5,846 975 185 1,361 489 92 682 1,001 189 1,397 978 185 1,364 3,351 634 4,676 Total U. S. Government securities 34,812 1,823 8,642 1,860 2,891 2,350 1,920 5,846 l,36l 682 1,397 1,364 4,676 Total loans and securities 35,l6l 1,834 8,820 1,862 2,903 2,357 1,935 5,908 1,366 688 l,4l4 1,373 4,701 1 6,46o 103 479 477 3 25 1,267 8 121 378 3 25 489 6 4l 457 5 30 522 18 27 1,044 22 75 313 6 18 202 4 10 383 6 22 314 12 21 6l4 10 64 58,043 3,155 14,273 3,124 4,557 3,956 3,320 9,820 2,299 1,214 2,504 2,271 7,550 Cash items in process of collection Bank premises Other assets TOTAL ASSETS H. 4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BAMC OH JULY 29, 1964 Total Boston LIABILITIES Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents New York Philadelphia Cleve - Richmond land Atlanta Chicago 3t. Louis Minne- Kansas apolis City Dallas San Francisco (In millions of dollars) 1 33,117 1,949 7,916 1,925 2,806 2,731 1,898 5,986 1,331 585 1,286 1,010 3,694 17,023 674 l4o 196 18,033 5,165 662 25 6 1 694 430 4,756 128 1/45 127 5,056 731 43 7 714 35 862 31 2,609 84 7 901 423 18 1 2 2,713 871 424 166 783 94 6 2 885 258 867 32 8 2 909 254 2,920 96 17 56 3,089 845 7 3 759 378 605 43 4 1 653 255 386 35 3 78l 322 1,128 28 12 1 1,169 428 24 95 ! 5 !56,4l6 1 3,078 13,841 5 3,033 8 4,4ii 6 3,874 5 3,227 15 9,585 4 2,243 2 1,177 3 2,432 4 2,177 14 7,332 136 264 32 29 55 7 46 90 10 58,043 1 3,155 14,273 3,124 4,557 3,956 3,320 9,820 2,299 1,214 2,504 2,271 7,550 2/36 8 12 7 8 19 5 3 6 8 18 1 516 1 990 1 . 127 1 137 24 47 6 7 26 49 7__ 30 56 J_ 18 34 4_ 73 140 22 * 12 23 2__ 23 43 6_ 30 57 I_ 535 69 132 17 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,073 8,392 1,990 2,989 2,830 2,000 6,229 1,412 6l4 1,329 l,c84 3,907 1,670 425 2 1,700 2,127 500 620 340 1,100 260 112 277 17 1,100 180 735 1,000 3>4CO 1,394 1,180 4,135 6,850 8,520 5 .2, ,55P,. .2,24^ 1,700 3,050 2,865 2,040 1/ After deducting § 95 million participations of other Federal Reserve Banks. 2/ After deducting $101 million participations of other Federal Reserve Banks. 5,4oo 6,500 1,210 1,475 510 622 * Less than $500,000.
@FedFRASER